Long Run Explor Ltd Ord WFREF

Sprott

[rbronte]

I suspect that the announcement of the dividend is a result of Sprott's need for cash flow.  A quick look at their financials shows that they are in need of an ongoing source of  income.  20,000,000 + shares equates to over $670,000 a month to Sprott.  I bet Sprott would have preferred to use the dividend money to build the company faster.  So for now,  the company will grow at a slower rate, but it will help to solved Sprott's immediate cash flow needs.  I would have thought that SCP would be up on the news, but it looks like investors didn't recieve the news very well either.  Regardless of the dividend, I am happy to hold my shares of LRE.  It is making money and growing, which is  good recipe for a solid investment.  I appreicate all the comments that are posted here.  You appear to be well informed and respectful of each other.  Thanks you!

[barneyj44]

As at June 30, 2013, SRC owned 35.7 million shares of Long Run (common shares and non-voting preferred shares) valued at 3.76 per share. I like the agriculture and oil holdings but don't think much of the uranium holdings in Virginia Energy (people blocking the mine)  I beleive the Ceo of Independence drilling left suddenly (no mention as to reason) which got me wondering as well, might